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| AXIS SPECIALTY RECEIVES AN A ("STRONG") CPA RATING FROM S&P |
Pembroke, Bermuda, December 19, 2002 –
AXIS Specialty Limited today announced that it has been assigned an ´A´ ("Strong") financial strength and counterparty credit rating from Standard & Poor´s.… |
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| AXIS SPECIALTY ANNOUNCES COMPLETION OF ACQUISITION |
Pembroke, Bermuda, December 17, 2002 –
AXIS Specialty Limited announced today the completion of its acquisition of Royal and SunAlliance Personal Insurance Company. The company which will be renamed AXIS Reinsurance Company, is domiciled in New York and is a professional reinsurance company.… |
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| DENNIS B. REDING TO JOIN AXIS SPECIALTY LIMITED |
Pembroke, Bermuda, November 14, 2002 –
AXIS Specialty Limited announced today that Dennis B. Reding will be joining AXIS to run its U.S. Specialty Insurance operations.… |
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| AXIS SPECIALTY ANNOUNCES THIRD QUARTER RESULTS |
Pembroke, Bermuda, October 24, 2002 –
AXIS Specialty Limited today announced net income of $92.1 million for the quarter and $153.8 million for the nine months ended September 30, 2002.… |
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| AXIS SPECIALTY ANNOUNCES COMPLETION OF ACQUISITION |
Pembroke, Bermuda, October 7, 2002 –
AXIS Specialty Limited announced today the completion of its acquisition of Connecticut Specialty Insurance Company. The company, which will be renamed AXIS Specialty Insurance Company, is domiciled in Connecticut and is a surplus lines insurer throughout most of the United States.… |
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| AXIS SPECIALTY ANNOUNCES PROMOTIONS |
Pembroke, Bermuda, September 19, 2002 –
AXIS Specialty Limited today announced the promotions of Andrew Cook, William Fischer and John Gressier to the office of Executive Vice President. Mr. Cook will continue to serve as the Company’s Chief Financial Officer, and Messrs. Fischer and Gressier will continue to serve as the Company’s Chief Reinsurance Officer and Chief Insurance Officer, respectively.… |
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| AXIS SPECIALTY ANNOUNCES NEW BOARD MEMBERS |
Pembroke, Bermuda, September 19, 2002 –
AXIS Specialty Limited, at its Board meeting today, elected Michael A. Butt to Chairman of the Board. Mr. Butt was formerly President and Chief Executive Officer of Mid Ocean Limited and succeeds Robert J. Newhouse, Jr. who will continue as a Director and Chairman of the Executive Committee, as well as a member of senior management.… |
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| MICHAEL E. MORRILL TO JOIN AXIS SPECIALTY LIMITED |
Pembroke, Bermuda, August 5, 2002 –
AXIS Specialty Limited announced today that Michael E. Morrill will be joining AXIS to run the U.S. Reinsurance Operations through a U.S. subsidiary.… |
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| AXIS SPECIALTY ANNOUNCES QUARTERLY RESULTS |
Pembroke, Bermuda, July 29, 2002 –
AXIS Specialty Limited today announced net income of $30.0 million for the quarter and $61.7 million for the six months ended June 30, 2002.… |
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| MICHAEL A. BUTT TO JOIN AXIS SPECIALTY LIMITED |
July 23, 2002 –
AXIS Specialty Limited today announced that Michael A. Butt will be nominated as a Director at its September 19th board meeting. He will succeed Robert J. Newhouse, Jr. as Chairman of the Board of Directors and will be based in Bermuda. Mr. Newhouse will continue as Chairman of the Executive Committee and as a member of the senior management of the Company… |
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| AXIS SPECIALTY ANNOUNCES OPENING OF AUTHORIZED DUBLIN OFFICE |
Pembroke, Bermuda, June 4, 2002 –
AXIS Specialty Limited today announced that it received Irish Governmental approval to commence business as an insurer and reinsurer through its European headquarters in Dublin, Ireland. The Company will write insurance through AXIS Specialty Europe Limited and reinsurance through AXIS Re Limited. These companies will give AXIS the ability to write a wide range of specialty lines throughout the European Union.… |
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| AXIS SPECIALTY ANNOUNCES QUARTERLY RESULTS |
Pembroke, Bermuda, May 9, 2002 –
AXIS Specialty Limited today announced net
income of $31.7 million for the quarter ended March 31, 2002 and $34.4 million from
inception on November 8, 2001.… |
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| AXIS ANNOUNCES $400 MILLION SYNDICATED CREDIT AGREEMENT |
Pembroke, Bermuda, April 2, 2002 –
AXIS Specialty Limited announced today that it had entered into a $400 million credit agreement with a syndicate of lenders. J.P. Morgan Securities Inc. acted as Lead Arranger and Bookrunner while Barclays Bank PLC, Comerica Bank, ING Bank N.V. and Wachovia Bank each acted as Co- Syndication Agents.… |
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| AXIS ANNOUNCES AGREEMENT TO PURCHASE TWO US SHELL COMPANIES |
Pembroke, Bermuda, March 25, 2002 –
AXIS Specialty Limited announced today that its US subsidiary, AXIS Specialty U.S. Holdings, Inc., has entered into agreements to purchase the Royal & SunAlliance Personal Insurance Company and the Connecticut Specialty Insurance Company. Following closing, these shell companies will be renamed AXIS Specialty Reinsurance Company (“ASR”) and AXIS Specialty Insurance Company (“ASI”), respectively.
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| AXIS SPECIALTY LIMITED ANNOUNCES APPOINTMENT OF RICHARD H. BLUM |
Pembroke, Bermuda, January 24, 2002 –
AXIS Specialty Limited announced today that effective February 1, 2002, Richard H. Blum will be joining the group as Vice Chairman of AXIS Specialty U.S. Holdings, Inc.… |
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